The Hindu Business Line : Friday, March 30, 2007

FOREX
Rupee sheds 70 paise
After having surged to an eight-year high at 43.05, the rupee on Thursday plunged to 43.76/77. The domestic currency opened weak at 43.25/26, touched an intra-day low of 43.80 and closed the day at 43.76.77 — around 70 paise lower than ... More

HUMAN RESOURCES
Stability plank is big negative
`Employer branding, investing in training may help' More

RBI & OTHER CENTRAL BANKS
Banking hours extended
Working hours have been extended in the Reserve Bank of India as also State Bank of India and its associates, public sector banks and the designated private sectors banks to receive tax payments to government accounts beyond ... More

PUBLIC SECTOR BANKS
SBI Karnataka Circle proposes 12 more branches
Facility for online trading in shares soon More

GOVT BONDS
Fifth tranche of oil bonds issued
The Finance Ministry on Thursday announced the issuance of the fifth tranche of oil bonds worth Rs 4,971 crore to State-owned petroleum marketing companies. The latest tranche of the "8.40 per cent Oil Marketing Companies' ... More

Bonds stay volatile
Bond prices remained volatile with banks preparing for the close of the financial year. Total traded volumes on the order-matching system were Rs 2,000 crore (Rs 1,310 crore). Dealers said prices initially rallied as banks were ... More

CREDIT MARKET
A320 aircraft: Indian entering sale-and-lease back deal
Indian plans to enter into a sale and lease back arrangement with either some banks or lessors for seven Airbus A-320 aircraft. Sources told Business Line that the airline hopes to generate more than Rs 550 crore through the ... More

`Give priority for tourism'
Bankers should give thrust and priority for financing activities related to promotion of tourism in Uttara Kannada district, according to Mr Anantakumar Hegde, MP of Canara constituency. Releasing the credit plan for Uttara ... More

Investors pump $11.5 m into SKS Microfin
Number of investors led by Sequoia Capital have invested $11.5 million (Rs 50.6 crore) in the equity of SKS Microfinance. The funds will go to provide financial services to over 5 million poor families by 2010, said a company release. The other ... More

SHORT TERM INSTRUMENTS
Call rates close higher
The Reserve Bank of India on Thursday lent Rs 17,865 crore to banks through the repo window while the banks parked Rs 40 crore under the reverse repo with the central bank. Call rates closed higher at 10-11 per cent against ... More

OVERSEAS INVESTMENTS
India-China commercial ties gain more depth
Bank of India opens first China branch at Shenzhen More

CO-OPERATIVES
Liquidator appointed for Anand Urban Coop Bank
With the Reserve Bank of India (RBI) cancelling the license of the Anand Urban Cooperative Bank Ltd due to insolvency, the Gujarat Government's Registrar of Cooperative Societies has appointed Mr Deepak Dalal as liquidator of the bank, sources ... More

ECONOMIC OFFENCES
India ups the ante on money laundering
Cabinet nod for exchange of info More

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Top Stories
India-China commercial ties gain more depth

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A320 aircraft: Indian entering sale-and-lease back deal

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Exploration policy: Govt will define past performance criteria

BMW plans launch of Mini in Indian market in 2009

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Looking back
Mar. 18-Mar. 24
Insurers turn cautious on inflation, keep to sidelines

Govt will get back its investment in SUUTI with interest: Mathur

Bensield plans investments

Banks: Traditional performance measures need change

LIC invests in Vijaya Bank's bonds

GIC foreign premium may be under $500 m this fiscal

Forex reserves up by $1.54 b